“Crypto winter” is a time period that many use to explain the present, downturned state of the market. It’s only a coincidence that climate presently aligns with these situations in lots of world areas. It’s chilly on the market in additional methods than one. Whereas issues may certainly be higher (we keep in mind such instances!) CEX.IO units itself aside in our unwavering optimism in all crypto environments, bull or bear.
So, as a substitute of going with the grain, we’ve determined to do the alternative and announce a Scorching Season of Crypto Staking. Aside from the catchy identify (which we’re significantly pleased with), this distinctive promotion serves to launch a extra subtle concentrate on our platform’s new staking mannequin.
What’s a Scorching Season of Crypto Staking?
As chances are you’ll know, CEX.IO is a complete on-line ecosystem of crypto providers that gives new and skilled customers alike with quite a few alternatives to work together with, and profit from, crypto. Staking is likely one of the out there providers on our platform, which allows you to earn rewards merely by holding stakeable property in your account (no further motion required).
We name this staking mannequin Automated Staking, exactly as a result of proudly owning and holding stakeable property is the one enter required of you as a CEX.IO consumer. Your rewards are calculated day by day and launched month-to-month, enabling you to grow to be the proud proprietor of one thing known as passive revenue.
Nevertheless, since we consider that steady enhancements on our finish assist make your crypto journey extra navigable and satisfying, we’ve designed a brand new staking mannequin that went stay in mid-December.
The brand new staking mannequin options important variations in comparison with our current Automated Staking resolution. The most important change is that the brand new mannequin requires manually transferring the funds you want to stake to a separate sub-account. Nevertheless, this step ends in two advantages:
- Your funds staked in sub-accounts will generate day by day rewards (as a substitute of receiving them month-to-month as earlier than).
- The brand new mannequin will function the next APY versus Automated Staking.
Word that the funds in your sub-account will stay versatile, and that it is possible for you to to withdraw them to your account at any time. Consequently, our new staking mannequin makes our ecosystem extra clear, and extra rewarding.
How does the Scorching Season of Crypto Staking promo work?
Throughout February and March 2023, our platform will function elevated staking rewards for particular stakeable cryptocurrencies. In different phrases, as a substitute of your default staking rewards, every week we’ll provide larger APYs for a choose forex, beginning out of your switch day.
Right here’s an summary of what you’ll be able to count on:
|Week||Coin||Outdated Reward||New Reward|
|January 30 to February 5||ADA||2.6%||10%|
|February 6 to February 12||TRX||3.5%||10%|
|February 13 to February 19||XTZ||4%||10%|
|February 20 to February 26||SOL||5%||10%|
|February 27 to March 4||ZIL||11%||20%|
|March 5 to March 11||ATOM||10%||20%|
|March 12 to March 18||MATIC||8%||20%|
|March 19 to March 25||DOT||10%||20%|
Nevertheless, the rewards don’t finish with larger APYs. The primary 500 customers who be a part of this promo, and take part in CEX.IO staking for the primary time, can have a novel alternative to share in a $5,000 prize pool*. Why? As a result of on our platform, on daily basis is a vacation, and we get pleasure from warming up the winter with sizzling crypto staking presents!
*To take part within the prize pool, this should be your first time using our staking providers on the whole, not simply our new staking mannequin. To hitch the promo, opt-in on the hyperlink beneath, and switch any stakeable crypto property to your Staking steadiness. Solely new funds transfers can be eligible to earn elevated rewards.
Methods to take part within the Scorching Season of Crypto Staking promo
Taking part on this occasion is simple and requires simply the next steps:
- Go to the promo web page at http://cex.io/hot-winter
- Join an account, or log into your current one
- Click on on the Be a part of the Promo button on the promo web page
- Switch crypto to your Staking steadiness
- Your elevated staking rewards can be granted to you by April 30, 2023
- The prize pool of $5,000 for the primary 500 customers can even be distributed by April 30, 2023
Be a part of CEX.IO to remain heat this winter. Rejoice the crypto holidays in our secure and safe ecosystem, whereas your property give you the results you want — tougher than ever earlier than!
Disclaimer: Data supplied by CEX.IO just isn’t meant to be, nor ought to it’s construed as monetary, tax or authorized recommendation. The chance of loss in buying and selling or holding digital property may be substantial. It’s best to rigorously contemplate whether or not interacting with, holding, or buying and selling digital property is appropriate for you in gentle of the chance concerned and your monetary situation. It’s best to take into accounts your stage of expertise and search unbiased recommendation if obligatory relating to your particular circumstances. CEX.IO just isn’t engaged within the provide, sale, or buying and selling of securities. Please confer with the Phrases of Use for extra particulars.